🚀 BIS Collaborates With Major Banks And Credit Card Companies On Blockchain Project
#BIS #Blockchain #CrossBorderPayments #Agora #DigitalCurrency #CentralBanks #JPMorganChase #DeutscheBank #UBS #Visa #Mastercard #TokenizedAssets #GlobalPayments #FinancialInnovation
According to PANews, the Bank for International Settlements (BIS) has partnered with some of the world's largest banks and credit card companies to launch a blockchain-based project aimed at revolutionizing global cross-border payments. The Agora project, initiated in May, includes participants such as JPMorgan Chase, Deutsche Bank, UBS Group, Visa Inc., and Mastercard. A total of 41 private sector companies are involved, working alongside central banks from regions including the United States, the Eurozone, Japan, and the United Kingdom.
The BIS is exploring the creation of an international platform through Agora, which means 'market' in Greek, where tokenized assets can be bought and sold using digital currencies backed by participating central banks. These central banks issue some of the world's most significant reserve currencies. On this unified ledger, investors can conduct cross-border transactions using nearly risk-free central bank money. Currently, the only relatively safe currency is cash, which does not exist in digital form.#BIS #Blockchain #CrossBorderPayments #Agora #DigitalCurrency #CentralBanks #JPMorganChase #DeutscheBank #UBS #Visa #Mastercard #TokenizedAssets #GlobalPayments #FinancialInnovation
🚀 Agora Selects Wormhole As Core Interoperability Provider For AUSD Stablecoin
#Agora #Wormhole #AUSD #stablecoin #interoperability #Ethereum #Avalanche #Sui #TVL #multichain #ETH #AVAX #SUI
According to Odaily, the stablecoin network Agora, backed by Dragonfly, has announced that Wormhole will serve as the core interoperability provider for its decentralized stablecoin, AUSD. Currently, AUSD operates on Ethereum, Avalanche, and Sui, with a total value locked (TVL) exceeding $65 million. Wormhole will offer multi-chain functionality and secure infrastructure support for AUSD.#Agora #Wormhole #AUSD #stablecoin #interoperability #Ethereum #Avalanche #Sui #TVL #multichain #ETH #AVAX #SUI
🚀 Agora to Cease AUSD Operations on Injective Network by 2026
#Agora #AUSD #Injective #Cryptocurrency #Blockchain #Stablecoin #DeFi #CryptoNews #Redemption #MultiChain #CryptoOperations #INJ
Agora has announced plans to gradually discontinue the issuance and support of AUSD on the Injective network starting April 3, 2026. According to BlockBeats, effective immediately, no new AUSD will be minted on Injective, and holders will no longer receive rewards. However, users can redeem AUSD at a 1:1 value until September 28, 2026. This change is specific to the Injective network and does not affect AUSD operations on other chains.
For the redemption process, Agora stated that customers can complete transactions through their account contacts. Users need to send their AUSD on Injective to official channels, where the platform will assist in converting it to AUSD on a specified chain or exchange it for USD and other supported stablecoins. The standard redemption deadline is September 28, 2026, after which remaining assets can still be processed but may require additional KYC verification and incur related fees.
Agora explained that this decision stems from its regular evaluation mechanism for multi-chain deployments, considering factors such as actual usage, ecosystem health, and infrastructure costs. After a comprehensive assessment, Agora decided to strategically scale back AUSD operations on the Injective network to optimize resource allocation and enhance overall operational efficiency.#Agora #AUSD #Injective #Cryptocurrency #Blockchain #Stablecoin #DeFi #CryptoNews #Redemption #MultiChain #CryptoOperations #INJ